Several US Congressmen Call on Investors to Boycott Sudan
Wednesday, November 17, 2004 at 05:17PM
TheSpook
Members of the Congressional Black Caucus and religious groups in the
United States Monday called for shareholder action to force
multinational and overseas corporations to withdraw from Sudan. The
legislators accuse these companies of providing financial support for
the Khartoum government's genocide in the Darfur region. U.S. public
pension funds are being asked to divest their holdings in multinational
companies doing business in Sudan. Former member of Congress Walter
Fauntroy says oil companies, such as Total of France, are the biggest
offenders. These companies, he says, have paid over $500-million for
mineral rights in oil-rich southern Sudan. Mr. Fauntroy says American
pension funds should not own shares in any company, foreign or
domestic, still active in Sudan. "We're asking them to take action to
stop companies doing business in Sudan from using our money to support
the dirty work of the Khartoum regime," he said. [more]
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